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LOCAL CURRENCY IN MAURITANIA

Would you like to know name of the currency in Mauritania? The currency used in Mauritania is called Ouguiya.

The Mauritanian Ouguiya is issued and managed by the Banque Centrale de Mauritanie. To find out the current currency exchange rates for Ouguiya to other major currencies of the world, click on foreign currency rates.

Mauritanian Currency Information
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The currency used in Mauritania is called as the Ouguiya. This currency is denoted with the currency sign and the ISO 4217 Code for the Mauritanian Ouguiya is MRO. The Ouguiya, is the official currency of the Mauritania . It is divided into 100 smaller units called UM.

The constitution of Mauritania provides that the Mauritania government shall have the power to print the Mauritanian Ouguiya and UM coins to be used as a legal tender in Mauritania. The Mauritanian Ouguiya bank notes and UM coins are both designated as "legal tender" in payment of debts.

The Mauritanian Ouguiya bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Mauritanian Ouguiya.

Currently printed bank notes denominations are 100, 200, 500, 1000, 2000, 5000 ouguiya[3] and the coins are minted in the denominations of 5, 10, 20, 50 ouguiya[1][2] 1 khoums (1/5 Ouguiya), 1 ouguiya.

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The Effect of Balance of Trade and Investment on Mauritanian Ouguiya
Financial analysts regularly cite the balance of trade and investment in Mauritania as the most important influence on the value of the Ouguiya. The difference between what the Mauritania exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Ouguiya exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Ouguiya exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Mauritanian Ouguiya.
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